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Author Question: In perfect competition, the condition that ensures that the right things are produced is (Read 42 times)

big1devin

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on: Apr 19, 2019

Question 1

Under perfect competition, the efficient level of output is produced because


◦ government regulates the output level that must be produced.
◦ firms earn only a normal profit in the long run.
◦ firms can earn an economic profit in the long run.
◦ price equals marginal cost.

Question 2

In perfect competition, the condition that ensures that the right things are produced is


◦ MU
X = 
P
X.
◦ P = 
MC.
◦ P = 
ATC.
◦ MRPL = 
ATC.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by big1devin on Apr 19, 2019

stallen

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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big1devin

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Reply #2 on: Apr 19, 2019
TY


stallen

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Reply #3 on: Apr 19, 2019
You're welcome


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